Philippine SEC Exposes Fraudulent 'Abundance-Based' Crypto Investment Scheme - cyptoranking.com
2024-05-06
Amid the slump in the NFT trading volume, the top NFT developer, Yuga Labs, announced on Oct. 6 that it was cutting its workforce. Polkadot continued to be a strong Web3 player in terms of development activity, according to data from Santiment. Moreover, active core Polkadot developers reached an all-time high in Q3, according to TokenTerminal. Philippine SEC Exposes Fraudulent 'Abundance-Based' Crypto Investment SchemeBeyond addressing centralization concerns, the proposed two-tier system promises to bolster security within staking pools. The system erects a formidable barrier against potential attackers by enabling Delegators to determine node operators. Terra is a blockchain protocol and payment platform for fiat-pegged, algorithmic stablecoins. It was launched in January 2018 by South Koreans Do Kwon and Daniel Shin with plans to develop Chai, an e-commerce payments application, and create a price-stable cryptocurrency against top fiat currencies to facilitate transactions.
Kazemian said once Federal Reserve interest rates started rising, he realized most stablecoins on the market were only built for low-rate environments — and Frax (FRAX) needed to track interest rates to stay relevant. Nouns DAO executed a so-called fork last month following disgruntlement with the DAO’s freewheeling spending habits. After a proposal went live which would force Nouns to keep spending its treasury, the DAO forked a second time. Best Bitcoin and Crypto Wallets for May 2023Among web3 gaming startups, Mythical has secured an exceptionally high-profile list of backers. NBA legend Michael Jordan and venture capital firm a16z are both investors in the company. In 2021 the company’s valuation hit $1.25 billion.LasMeta Partners with Trantor Network to Revolutionize NFTs and GameFi Furthermore, there are a few things to keep an eye on in crypto this week.
The new bridge, launched in partnership with Hong Kong-based metaverse firm The Sandbox, enables Clay Nation holders to use their Cardano-based NFTs as avatars in The Sandbox game on Polygon, while still keeping the NFTs on Cardano. Bitcoin miners earn revenue through two mechanisms. When they add a block to the Bitcoin blockchain, they receive the block reward (currently 6.25 BTC), as well as the transaction fees users pay to get their transactions into the block. Bankrupt FTX Initiates Early Talks on Crypto Exchange ...Bitcoin’s (BTC) ongoing sideways price action could flip bullish as early as November if it behaves similarly to previous cycles leading up to a halving event, according to market observers.On Oct. 10, crypto analyst Miles Deutscher cited a chart from CryptoCon, noting that the recent patterns for Bitcoin are similar to those seen in previous cycles.“This is typical sideways price action that occurs from Q2-Q4 in pre-halving years.”He added that Nov. 21 has historically been a key pivot point for Bitcoin’s price to begin trending upward as it heads to the next halving.For example, following six months of sideways trading in mid-2015, BTC prices started gaining ground around November. Likewise, in 2019, markets spent most of the year flat before taking off around the end of the year.BTC price performance after each halving. Source: Miles Deutscher on XSelf-proclaimed crypto trader and technical analyst “Mags” made a similar observation, noting that BTC is currently sitting 60% below its all-time high at around 200 days before its scheduled halving, similar to 2015 and 2019.Bitcoin Halving in Just 200 Days Ever wondered where Bitcoin was 200 days before in the previous halvings?In 2016, BTC was -65% below its ATH.In 2019, BTC was -60% below its ATH.In 2023, BTC is currently -60% below its ATH.So, even if it seems like Bitcoin's price… pic.twitter.com/H8dlWcM91y— Mags (@thescalpingpro) October 9, 2023 BTC/USDT 1-Day Chart (Source: Tradingview)
EARLY ACCESS IS NOW OPEN!Go to https://t.co/HoSlvc0xSP to create your account and register below! 400,000 pool of @REVV_Token available for winners! REGISTER HERE: https://t.co/hIWA3lHi1TNew wallets added every 24 H – 10AM UTC! (registration closes 9AM UTC) pic.twitter.com/eFlA2LfufG Before we get into Hong Kong's strategy, it's important to understand what retail stablecoins are and why they've gained traction in the realm of digital finance. Retail stablecoins are cryptocurrencies that are tied to a reserve of assets, often traditional currencies such as the US dollar or the Euro. Toronto Stock Exchange Operator Launches Crypto Brokerage-Finance Bitcoin NewsUsing a language like DAML for smart contracts can help clearing agencies like HKEX update and make their settlement processes better. Iran’s Links With Hamas and Crypto
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